Why are GameStop shares on the rise again?

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Published 2024-05-13
The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine what could be behind the stock's sudden surge.

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All Comments (21)
  • @Jamesjerome0
    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
  • Yup retail traded 180 million shares today because roaring kitty made a post. Keep up the great and honest Coverage đŸ‘đŸ»
  • @ggadotkelly
    This complete interview is the perfect example of the bad actors throwing the stone and hiding the hand... Gamestop stock has a huge amount of shares held by retail who have been holding for 3 years. In fact a very large percentage of the retail holders have directly registered their shares with Computershare. The buying volume today wasn't all or hugely influenced by Roaring Kitty it was over-leveraged hedgefunds blowing up. In this "interview "... no mention of abusive naked shorting, rehypothication, illiquidity of the market. Why can't this "expert" tell the truth? The hedgefunds messed around with retail with all of their loopholes hoping for companies like Gamestop, AMC, KOSS to go bankrupt but they survived and now they are forced to buy back all of those counterfeit shares before the SEC's CAT system goes live exposing their corruption and exposing them to prison time.
  • As much as i want to invest in GME, I think it has some short term pain ahead. Currently sitting on about 250k, do you still think GME is a good buy right now or I have I missed out on a crucial buy period?
  • @Gustavo-kt3qc
    Oh so if civilians try to make a buck there’s rules created and it’s illegal but insider trading and market manipulation it’s ok right
 right
  • @maxpain3790
    Lol. Hedge funds lost almost a billion dollars because of a tweet
  • @iProHydro
    “A rocket emoji is considered market manipulation” 😂😂😂
  • @DipShitz101
    So.... We are not going to talk about Nancy Pelosi? Lets just push that back under the rug.
  • @onelovemon1784
    GME is all on. Institutions, funds, retail..... Everyone.
  • @Saffrone221
    People buy gamestop 🚀🚀🚀
  • @ask_why000
    This corporate MSM talking head nonsense, just makes me want to buy more #GME stock.
  • @money0436
    I have bought 25000 shares of GME last Fri. Lets go! I think we will see +500% very soon.
  • @mikegvideo
    These guys presenting this have no idea
  • @mattgullick1175
    This trade has been setting up for a while now. It literally had nothing to do with his post.
  • @keanumcgill
    Retail buying. No, is as retail have been buying for the last 3 years. We have been buying and holding, this isn’t retail who bought 180 million worth today. This is what we don’t watch the news folks. This is shorts starting to slowly cover, institutional buying, gamma and a whole lot more, but you guys won’t mention this